ResidualBacon Income Update #1 – Dec09

January is upon us. Time to take a look back at December of 2009 and see how we did. In these updates I will post all Passive Income earned, as well as review what I did to help my passive income grow for the month.

Residual Income Earnings : Dec 2009

• GraphicRiver.net earnings : $8.00
• Adsense Web Traffic Earnings : $5.62
• eHow Article earnings : $0.44
• Total Earnings for DEC : $14.06

So this is good. I know its not hundreds of dollars, but it is a start. I am still learning and after a year of following my goals I am hoping we will be well into the hundreds each month.

Looking at the Past

My blog has only been rolling for about a month now and those of you who know me I have been making residual income for a little over a year now. My best month from just GraphicRiver was $53.20 way back in February. Lets take a look at the total amount of residual income earned in 2009:

• 2009 GraphicRiver Earnings : $193.80
• 2009 eHow Earnings (1 article for 3 weeks) : $0.44
• 2009 Adsense Earnings (only for December 2009) $5.62
• Total 2009 Residual Income Earnings : $199.86

Now you be thinking. $200.00 in 1 year is not what I am looking for. I want the BIG BUCKS! Well you have to realize that I made this money by doing a little work and never touching it again, and I am still making money on this. If you haven’t read how I ALMOST made $10,000 a year I would suggest reading it. Basically I did about 2 hours of work towards making this 200 dollars, since most of it is from that one file I put on graphic river.

Thinking of the Future

So I made 200 dollars with about 2 hours of work. We are going to be taking it to the next level this upcoming year with continuous work, I am planning on working 1 hour, each day of the week, on my passive and residual income. It may be working on eHow articles, posting a blog, making some micro-stock, whatever. So If I can get the same return for my time (in theory) I will work for 360 hours of work over the next year. Using last years summary of about 2 hours of work for $200.00 this means I am making aprox $100.00 for 1 hour. So in 2010 I should make around $36,000.00 if I get that same return. Lets make it happen!